More than a year after the Fed's tightening monetary policy, more and more money has flowed into attractive money market funds, and the regional banking crisis that broke out in March accelerated the pace. The latest data from the Investment Company Institute (ICI) shows that investors now hold $5.7 trillion in money market funds, marking another milestone high.
With optimistic expectations for easing mon...

Treasury market is at the best sweat spot in years

Steve Zeng, Head of Global Strategy of Moomoo Technologies Inc, shared his insights on how technology drives growth in moomoo's various markets on Google's finance summit GtFT23 Dubai on 12 Oct. 2023, which was attended by over 200 leaders and professionals in the industry, with an additional 75,000 participants joining online.
Moomoo live-streamed the event on its ...

Rivian's profit hinges on managing to sell vehicles at planned prices amid cyclical EV demand and a Tesla-led price war. Rivian's demand seems steady possibly due to previous production struggles. The real test will come when early underpriced sales end.

This week, we received updates on the job market, a higher unemployment rate, and lower wage growth.
As Fed Chair Jerome Powell said during the FOMC meeting, unemployment rates have so far stayed remarkably low at3.8%,even during the highest interest rates in 22 years. Friday, we learned the unemployment rate for October rose 0.1% to 3.9%.
Non-farm payrolls also came in Friday, showing just 150k workers were added compared to estimates of 180k. Wage...

The U.S. Treasury market - widely recognized as the world's most liquid - has experienced violent turbulence akin to junk stocks recently. The surge in long-term Treasury yields has been especially remarkable, as both the 10-year and 30-year U.S. Treasury yields reached their highest levels in sixteen years on October 3rd. Following a stronger-than-expected jobs report released on October 6th, the...